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tv   Cavuto  FOX Business  February 20, 2014 8:00pm-9:01pm EST

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spiriva helps me breathe better. does breathing with copd weigh you down? don't wait to ask your doctor about spiriva. ♪ ♪ ne: so the white house is looking to twitter to monitor what folks are saying about the health care law. i could save them the trouble, they hate it. welcome, everybody, i'm neil cavuto. and is sebelius serious, or after doing sufficient a botched job on health care, she's moving er to the nsa to work her magic there. hard to say, but sebelius wants full access to twitter's historical data so she can gauge public reaction to the heah care law. the agency calls it ongoing monitoring. i call it kind of creepy, and i also call it a waste of time. secretary, we already know how folks are feeling about this
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law. two words: not good n. a fox news poll, 55% disapprove. in a gallup poll, 51%. in a qunipiac poll, 56%. the numbers vary, i but on this they are consistent, more disapprove than approve this law which should tel the secrary and her boss at the white house all they need to know about this law. not popular, not good and not getting any better. and now they want to target tweets? twits. just check out these tweets to us. one saying: in the private sect, a company with such performance would be bankrupt or dissolved. stil another: geat goals, awful implementation. and then this: it's horrendous and overreaching. government has no business in our health care choices. all of you might regret tweeting all of this, because the government's going to get its hands on all o these. don't say i didn't warn you. christopher bedford, john, what% do you make of this? >> look, they're trying to put mag wheel on a dump truck.
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you hve something people don't li, d instead of trying to fix what people don't like, like a normal business would do, you roll out a program, you rollut an idea, and peop don't like it. you change that program or idea to help, toet it to what people want. instead of doing that, they're nitoring people's feedback on this. this is how they've done everhing. they legislate by polls. they go out and check polls and that determines their policy instead of just doing good policyand that's the whole problem here. neil: you'll notice, folks, that john is saying this from the safe confis of bermuda! touche. but, chris, i always find that we waste a lot of time trying to gauge sentiment when we know the sentiment, and we know it's wrong, and we pour a lot of money -- and that is, this administration has - into very expensive and priceyds urging people to sign up because it's good marketing. but you have to have something to market, right? >>and what, what are they going to do with this data? it's not like they're going to get rid of the law.
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they're doubled down. they're serious about getting this obamacare through. the only thing i can tell that we know for a fact is when the guys who roed o obamacare get involved in another tech project, it's bicycle to cost probably hundreds of millions of dollars, so it's a little eepy that they're trying. neil: yeah. we're going to get into the legality of all o this, because backo your point, john,an of broadband what's happening here. if you -- wt's happening here. if you read the polls, if you just look at newscasts, even the more liberal ones, you'll ow that a lot ofeople are feeling antsy about losing coverage, paying morfor the coverage and that the n gains in people who didn't he covege getting coverage is far less, far less than they earlier thought. even the vice predent of the united states saying, you know, it's not going to be seven million, but five to six million isn't too shabby. are you kidding me? >> well, that's what they've done this entire time. look, these are neophytes to business and they built this
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massive, encompassing legislation, and they've consistently o overpromised and underdelivered. and they keep doing that. and so instead of fixing what they should, you know, it went to a montreal firm to build the web site, then they chang that to a dublin firm. i'm not sure why there's not software eineers here in silicon valley that probably could have done this a lot cheaper -- neil: thatas the problem. they went to montreal to figure this out. [laughter] finish all right, so, chris, where is this going? again, leaving legality, privacy issues notwithstanding, i mean, is this justelaying the inevitable or trying to get people's attention off what seems to be bump law itself? >> i bet the nsa is kind of excited the attention is not on them for the moment. neil: absolutely. good point. >> i can't imagine what they're going to do with more of these statistics. the gornment needs more and more, so now their going to gather more dataand they' st going to sit on it. what are they going to do, analyze the twitter data? find out what we already know, americans hate obamacare.
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they don't want it. what's next? they'll spend more money. don't they have enough problems with obama care's spanisweb siteot looking as proposed to looking for new contracts and new money to spend? neil: yeah. well, i would focus on getting it up and running, enticing choices, and your tweets might improve. right now that's not looking too good. gentlemen, thank you both very, very much. >> thanks, neil. neil: well, reason mazine says that sociamedia snooping is just another way the federal government is trying to monitor us. in this case there saying with the best of intentions to gauge sentiment toward a very, or very importantlaw. you say wh? >> you know, think this is, actually, it's a great example of why we should be wary of not letting giant pools of data just set out there for the taking, right? so when you have all of the historical data of twter or telephone metadata, fortunately, the supreme court has been pretty clear on this, and what they say is the vernment can grab it, and they
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can use it however they want. neil: yeah? well, u're right on that, because far from dialing it back, now we get word that the nsa is havening on to this -- hanging on to this kind of stuff just in case they're sued which is beyond crazy, but it is what it is. i'm beginningo wonder whether there's a pattern to what's going on here, whether it's the government tryingo hit up twitter fordetails, or it's now saying that it needs to keep collecting this information or at the very least save this information at the nsa. what do you think is really going on? >> you know, i think it's pretty much all about bureaucratic empire building, right? if the haystack gets bigger and bigger, you have to pay more and more people to look for the needles in it. and i think what we're seeing and at we've seen, frankly, for decades with this kind of intelligence gatheng is that the temptation to use tools that were originally designed to keep an eye on people abroad, they sort legitimate, private uses to use those tools to gather in massive amounts of da was kind
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of blurry reasoning and blurry ends and then wind up using that data for war on drugs prosecutions, f, you know, persal vendettas. it happens over and over. it happens every time, and we should be worried. neil: katherine, always a pleasure of reason magazine, she knows her stuff. she warned about a lot of this stuff before it was becoming such a big deal. meanwhile, before we started dismissing the cbo and the health care critics, before he was dismissing the stimulus critics, before he routily started pping the guys he once was consistently praising, there was alan simpson, the man entrusted with doing something very brave before the predent threw alan under the bus. ♪ ♪ [ male announr ] hocan power consumpti in china,
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like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] space. yes, we're loving this communal seating. oh, it's great. yeah. [ male announcer ] the best thing to share? a data plan. ♪ new at&t mobile share value plans for business. our best value plans ever. for example, you can get 10 gigs of data to share. and 5 lines would be $175 a month. plus you can add a line anytime for $15 a month. sharing's never been better for business. ♪ >> the goal that was identified by simpson-bowles waso reduce the deficit as a percentage of gdp to below 3%. but what our budget projection shows is that over the course of the next ten years or in ten years the percentage will actually be below 2%, so wve made substantial progress in reducing the deficit. neil: well, i'm relieved. all in this time i thought, you know, the debt was ballooning
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out of control, and $18 trillion. no nee to worry. i guess alan simpson can just calm down, the debt co-chair joins us now on the phone. senator, what do can you make of that? you can take a chill pill. [laughter] >> it does make you chuckle. i mean, in my line of work it's like that old poem out of the night that covers me black is a pip from pole to pole. [laughter] anyway, honestly, u know, when he drops away from what he did in the last proposal which was the chain cpi -- no, he's dropped that. neil: that's right. and now t come up with this babble is just babble. i mean, it's just not lip service, it's the whole jaw. neil: you ow, senator, it would be like me saying on jupiter i'd be is svelte, and the reality is fur now i'm on -- for now i'm on ear, and it's not looking good. the deft sits, g, the p is going down, what wein terms of current terms spending more than
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that we are spending inis going down, that masks the real reality that every dollar we exceed what we're taking in is going and adding to that debt. and bragging about getting to the point you're at 600 billion or 500 billion in deb it doesn't hide the reality that's being added to our debt. >> well, that's the troublesome part, the debt and the deficit are totally different, and we're all pleased the deficit is going wn. i think that's -- going down. neil: u think, senator? th ftors prompting that, espeally when boomers like myself start retiring. that is going the compound this problem, right? >> well, of course it is. and hen all the anguis we've been through doesn't even deal with two-thirds of the american budget. i mean, how stupid is that? so when you don't deal with all the stuff on automatic pilot, which is health care, the solvency of social security, it goes and tas all the money out
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of the discretionary budget which really ought togo up. that's infrastructure, edation, that kind of thing. holy smokes. it is real alice in wonderland. and it gets worse every day because this president,he, he will fail as a president. his legacy is imperilled if he doesn't do something to do something with the cost of healthare and the solvency of socialecurity. years from now they'll look back and sayou were there, pal, you didn't do a lick. neil: well, his people tell us, you know, that he has lots of mpany, that other presidents both parties have ignored the same reality. what do you think of that? >> ll, i think that's true, but they've never had a 17 headed for a there are 20 trillion debt either. neil: do you feel used, senator, that, you know, with great expectation and great fanfare when you and erskine bowles were presented at the white house as the guys who were finally going to get to the bottom of this debt mess. you offered a number of ver solid, impactful ideas. some liked them, some hated
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them, but that's the measure of great ideas. not everyone's going to love 'em. and then e president kind of leaves you at the altar. >> well, he did, and erskine and i if you look at that report again said, you know, once they qu laughing at what we were doing and saw that it was beginning to take some traction, we said lok at these guys, these interest groups will come down like the harpists from the cliffs along the rhine, and they will tear us to bits. well, brothers a sisrs, they're having a bl. neil: do you think there is some truth to what some of these gutless politicians is say, that the public is for getting this under control but not when it comes to the specifics, espeally if it hits them, if it hits their entitlement, if it hitstheir benefit? so many now are getting these goodies and entitlements and benefits, not ? >> well, the sad thing was the other today when they put together the package to shave 1% off of people who retire. i mean, i'm a veteran. i loved it. i've served my country.
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i don't believe i did it for the nefits, i don't reca joining up so i could getthe benefits, and that's important,the volunteers deserve allhey can. but for good god's sake, to save 1% below cola, for the cola and then they went and repealed that in an insta because of the power of the vfw of which i'm a member, emerican lee i don't imagine of which i'm a member, the dav. i mean, they wiped them. even the sponsors headed for the rat hole. neil: you know, it'snteresting you mention that because almost any time anyone tries to remind people -- in your case that it was a 1% under the cost of living adjustment, not the end of the world and not something that could throwomeone out on a food line, but tha every time we make even the most minor adjustment or some republicans raise their hand and say, you know, do one out of three in this count need some food assistance? is that a littlextreme? they're portyed as heartless, as callous, as just the worstf
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human scum. [laughter] right? i mean, that's what happens republicans getervous,hey sign onto these budget extensions, they sign onto these debt extenders that keep the ball bouncin right? >> they're going to continue to doit. but, look, the reason health care will fail, forget all the nasty stuff about it, it can't work because every bit of cost containment is down the road. well, every time you do it, you've got to go do a doc x. so, good lord, you can't let that g you're going to do this. you know, what is it, medical device tax, 2.5%, and they just took itff so they could take care of medtronic and stryker. i mean, who is kidding who? and guess who gets stuckith it? you and me. neil: yeah, you're right about that. senator, i've always loved having you on because both sides hate you -- [laughter] and i think that's a reeming quality. >> i have a beautiful woman here, she's calling me. she's 60 years with this woma she said living with me was like a relious experience.
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a living hell. [laughter] neil: well, she's a lucky woman, you're a lucky man. setor, it's always good having you on. >> always fun, neil. god bless . neil: thanks for keeping us attuned. he tried, folks, and he's still trying. meanwhile, we've got this business alert. gap is raing i minimum wage, and arch conservative didi banke is delighted. or is she just delirious? ♪ ♪ ♪ cellphones beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors good, good. good er $700 billion dollars in assets under care. let me just put this away. [ male announcer ] how did edward jones get so big? could you teach kids that trick? [ male announcer ] by not acting that way. ok, st quarter... [ male announcer ] it's how edward jones makes sense of investi. ♪
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il: fire dikea was under fire for its swedish meatbas? anyway, we ju found out about a mystery meat in something you could be eating right now. yway, 15 minutes i'm going to tell you what it is, and you're
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eating it right now -- if you're eating it rht now, you might want to head to the bathroom. that's coming up. but in the meantime, something else to chew on. the minimum wage is going up. now, washington isn't doing it. companies like, wl, the gap are doing it. didi banke actually applauds it, she says let private companies decide this, not the govement rink unger says -- rick unger says the gap is doing so precisely becae of prodding by theovernment. but, didi, y just are happy it's not under government order. >> yeah, true, and i'm also happy about tha mystery meat tease for our segment. i don't know how that came up. [laughter] neil: you strike me as a vegetarian. >> exactly right. neil: i am too, thank god. >> yeah, i know, sure. [laughter] >> of course you are. >> no, actually, the gap, yeah, every businessn america should be able to pay whatever they like. they should be able to hire whoever they like, they should be ae to run a business however they like without the government butting in. so, yeah, good for gap.
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that's wonderful. ani know that's where rick buys his chinos. he probably has them on rig now. >> well, no. actually, i applaud the gap just as did does, i think it's terrific. but you know why they did it? it isn't so much because of government, it's because they had a prettycky christmas. they didn't do that well x they took a lesson from costco. pay your front line employees well and expect much better productivity a resus. and they said this -- neil: i don't know. i mean, a lot of the guys are paid a premium, best buy, and they're very good if you ever go on. i always need this htmi guy -- [laughter] they're very helpful. but best buy is stumbling and bumbling. >> that's true. but bear in mind, unfortunately, not every business has the same foresight th a gap has or a costco has. and they won't do it on their own even though it's in their best interests, and they can -- >> well, they shouldn't have to do it on their own. >> they continue to pay people
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working full time not enough money support a family. in other words, i'm talking about walmart. neil: here we go. >> well, walmart is a very successful business, rick, you can't say -- look, walmart is successful, and you said the gap was successful this year, so walmart must be doing something right. if people don't want to worat wal-mart, they don't have to. they can work wherever they want to. it's a slippery slope when the government -- neil: do you think the government might have pushed, you know, the gap into this? you know, that's a young base of buyers, rick notwithstanding, and -- [laughter] orctually, iluding rick -- >> i don shop at wal-mart. neil: but a gap might do this and say, look, our base, they like this, so we don't want to tick them off. what do you think? >> lk, that's fine. good for the gap. that's the whole point, though, that they're ablto do whatever they want to. they made that decision,hat's great, but there are thousands of other businesses that make they shod be able to do that without obama, th government or anyone else --
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not committing itself to buying $25 billion worth of goods from american manufacturers -- >> no, that's true. neil: and walmart is. >> and to be fair, if they actuly followed through on that, i give them all the credit in the world. neil: they will. people like you are looking at them. >> i hope so. wait a minute, didi -- neil: wait a minute, he's going to fnish. let me finish my ought. >> all right..3 >> look, i've got to pick up on one thing in didi's argument. yes, businesses will do better if they pay their employees less. if you want to extrapolate that out to an extreme, suthern agrarian farmers at one time in our country paid a lot more money pause they didn't pay their employees anything. we morally decided as a nation that was not aeptable. >> wow, old school on thi neil:ing neil: nothing for slaves and $10.10. >> right. when -- the $10.10 will take 800,000 to 900,0 americans out ofoverty. neil: and a half a million out
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of work. >> that's the problem. neil: it's a big problem. >> it is. ane cbo's right. >> but some businesses cannot afford tha though, rick. for some businesses it would be a job killer because they n't afford -- il: didi, you're saying let the gap decide, don't leave it up to uncle sam, right? >> exactly. >> why is it that we never say that the pizza store can't afford to pay more for cheese or more for dough to make their product, but when it comes t workers -- >> it's their decision, rick. it's not your decision. neil: you just ripped on the local pizza guy. >> yeah, exactly. neil: he hike his minimum wage versus a big name like gap? >> no. neil: oh, really? >> i really don't. [inaudible conversations] >> yes. neil: it's huge issue. it's a huge issue. >> but why don't they add -- do the math a "forbes." if they were to do it, it ends up costing hess -- less than six cents. neil: i love "forbes" --
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[inaudible conversations] finish. >> they pasd on -- >> thest not true. >> they pass on the tomato sauce. neil: if you're sayg it's the same as the gap having the ability to hike a minimum wage and a little pizza guy the village -- >> not even close. neil: those gs are barely cutting it. >> why can't they put it into the price of what they charge me more -- for a pizza? [inaudible conversations] >> do you want artificia eese? >> do you think some of them should go irrespective -- neil: well, there youo, mr. capitalist. >> if you have supply and demand issues -- neil: okay. >> they had a small pizza business, growing up we did this, i know this, weived this. neil: you had a small pizza busine? [inaudible conversations] >> yes. my family had that. they could never afford to pay those wages. neil: what are you doing? i'm i indianapolis. >> weren't you hear yesterday? didn't i see you on a fox show? >> well, yeah. but i didn't want to be on set with you, rick. the chinos freak me out. and do you think what's next?
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uncle so sam will say boxers or briefs. that's the slippery slope we're going down when the government -- neil: i have no idea what you're going with that. >> and when the government tells me boxers or briefs, then i will join your side. >> this is wrong. that's why i'm not there today. [laughter] neil: i wish we had more time. thankfully, we do not. [laughter] then trucks, n the next target could be your kitchen. the government crackdown on everyday appliances that's costing you, and i bet -- [inaudible] ♪ ♪ so ally bank really has no hidden fees on savings accounts? that's right, no hidd fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!!
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um... well, it's true. at ally there are no hidden fees. not one. at ally there are no hidthat's nice. hidden fees, no worries. your money needs an ally.
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neil: better talk to your refrigerate or, if it is burning too much energy not cool, if uncle sam h its way, not
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lo. they are starting big, but do not dnot think it is not just a matter of time before they target your toaster, so says energy expert nicholas lore is. whats the streamg, walk in freezer type just eat up energy they are pry trying to police it. >> department of emergency has than0 different apply answersre and household item, we need regulation to for consumers to force families to save energy, even they they already are cognizant of gas prices and electricity bills, they know how to save money on their hone, ey don't need the government to tell them how to do so. neil: will that make this other stuff, more expensive as a sult? >> that is one of the unintended
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consequees it will increase the sticker price, and decrease product quality, we have appliances that do not work as well, they falr in a well theless time, they are all -- a lotless time, these are the unintended consequences. neil: you can see side by side, if we were showing dishwashers or dryers, i find among those that are energy efficient vsus those that are not, price differential is not severe. it mighte in the future to your poin, if i had high druthers, i we'd lean on those more energy efficient because
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presumably it will save me more on my energy bill, right. >> yes. it may cost more up front, but if they can save you money along -- >> but the government pushing you is what you find offensive. >> yes, and detail in which they do so, they regulate eiciency from microwaves on stand by mode, not even when they are working to heat up that hot cket thatittle clock, they are regulating that emergency from that -- energy from that little clock to get to dail, that is where it is problematic, and cost out weigh the benenefits. neil: nicholas, you are a billion programmer, nicholas thank you so much. >> thank you. neil: what is in a hot pocket? do you ever won wonder? you don't want tonow. when you find out, n even kate
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upton would be able to sell you on one. well, maybe she could. >> you got what i eat. you got what i (announcer) scottradknows our clients trad and invest their own way. wi scottrade's smart text, i can quickly understand my arts, and spend more time trading. their quick ade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office ishere to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates.
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>> just taing a break. try the hot pockets the are breath taking. neil: maybe funny in movies, not so appetizing in real life, nestle recalling some of the pot pockets, one regulators are saying are stuffed with diseased and unsound anima what is a diseased and unsound animal, maybeness ness lease -- ntle should use real meat, doe en know it is no don't know it is note real meat.
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>> it is unsound animal meat, but big problem right now for nestle, they have been spending last few years prying to remarkeet hot pockets they said their biggest battle was overcoming reputation of mystery meat. this is not looking good for them, i think they willave a problem getti back to track. neil: the meat is not in said hot pocket? not even kate upton now might be able to get them out of this mess, she does a lot of their commercials, what is gng on happen? >> i think what they have to did is win back demographic that purchases a lot of the hot pockets, theyave to do probably talk about sources, we have seen in food industry developing is a need to know where your food is coming from, now w know where some problem attic food is coming from, prove rhaps reestablish that trust, say this is where we're getting
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our meat fro neil: what is that -for example, you -- strike me as hot pocket oh, fish yando. >> i like the hot pocket. neil: you do not. >> i like the meatier hot pockets. michelle. >> if you base ito young males, then, they have alienated that base? >> ion't know, i think that you know, i survive college on hot pockets, i think most people who eat hot pocketsre young people are college, can't afford very much, they have been trying to reach out to new demographics, i don't think they will be able to think a lot of college kids are really going to be that affected. neil: if you only knew what was in a hot dog, you wouldn't eat
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them that stuff. >> i just had a hot dog the other day. >> it is a matter of trust, like anotherrickia ikea deal, you know where the swedi meat balls are note what they really are. >> they can keep hot pockets brand alive. neil: focus on hotchocolate. >> you know change from and trtraps for over. -- transfer them over, and rebrand and spend the money this is small amount of meat they have identified as a problem. hopelly for their sake not that many people know about it, we want everyone continued to what the risk is, it might be able to be mitigated by lack of knowledge. neil: final wor with you, thank you. >> thank you. neil: they know nothing about hot pocke that is true. when we come bk, leonardo
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decaprio might be getting an oscar, but creators of wolf of wall street for now, looking like a big old lawssit, then which retail bel bellwether is blaming the weather, do not say i didn't warn you. >> they have their excuse, this thanksgving weather is far from idea add for retailers and airlines and anyone that stick whatever will be their weak
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>> this is their gift, they are built to be thrown like a lawn dart, they are built for accuracy. neil: all right he was not the most memorable character in wolf of wall street but he was one of the more humous one, toupee
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wearing trader, known as wigwam in real life, the character w based on a real life guy, andrew green, who is tearing his fake hair out now, he said that filmmaker never got his permission to use his likeness, bo dietl another real guy who played himself in the movie, to me was the star of the movie. he said that green is over reacting. >> you know the movie, i think it is to $340 million in gross. neil: he wants $25 million. >> yeah, yeah, everyone jumping to thegraphy train. thegraph gravy train. neil: did you get residuals? >> no, i just got my s.a.g. ra, oh, they got my part there, i don't remember this guy, i was there they used my name in the movie, b deet else on thdeet else on the phone, my
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part i did, i said that i gave them my permission. neil: there are so many characters in to movie. >> if i put a wig on hig my head, he was supposed to work in compliance, he bettere happy that stat out of limitation is over, if you worked with old pump and dump he would baying aoupenna on his bututt, he should take his fred and get out of here. this is a great movie,. neil: did you know what you made the mov that it w based on a real guy. and you were worked -- >> i worked with him. neil: that is why you are in the movie. >> actual be based to very real guys that worked with thely will guy. >> danny porsche of the one that was playedy the gat guy up for best supporting actor.
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jonah hl, one o the greatest directors, meat headd we called him rob reiner. he plays the dad, max is about 5 if the 3, and rob reiner plays him, and if was really exciting to be part of it but because we filmed in east harlem that is where it happened. when scorsese lets go, there is a part you show with leonardo decaprio, and mcconaughey, he pounded his chest this is ad-lib stf this is greatness of scorsese. il: but this guy, saying if you have these great stuff, these people, you never cleared it with me. and i was a big part of the movie this compliance guy was a snake, i remember that if it rves me well, and he is upset. >> they done use a better rug on his head, maybe. in reality, this is. neil: i think that wigwam ne,
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was far better. >> i i don't think he has a case, steve madden shoes, he was upset, he went away, but he gave them a release to use his name. neil: but he didn't lik the way he was prier trayed i portrayed. >> h is a cool guy. neil: what do you make of guy whom t movie was based. >> he is mad at me. neil: he is. >> and he is d't talk to me. he said, you know bo, you call me this name, i said, what do you think you were then, all of a sudden you are robin hood? you robbed 200 million dollars, you went away for 18 months. neil: they are looking at him again? >> he is opening pdora's box. neil: the screen guy is doing the same. >> everyone is looking for a p
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payday, the guy that movie was abou is a cre, he was creep then, t a lot of people are out of money, but i hope leonardo decaprio wins best actor, he did a fantastic job. >> terrific. lou: . >> soa scoese did a terrific job. neil: you were robbed for a nomination. >> i cle up scorsese. and i wanted tickets to the emmys. neil: what did they say. desm m. >> excuse me my back, beau. >> rlly. >> wait until they lve me. this is leadingo bigger and better things. neil: that one sounds dicey, you are not, b bobo bo -bo dietl.
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neil: in biz blitz, social media to the rescue that makes me think that elan musk should tweet them a big old thank you, after the cars were in flames thousands of supporters of the popular hybrid took to the web to say they so hot on the car. now opposition reaction when abercrombie & fitch retailer got it for the boss saying that wrong people were shopping in
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his store or wrong sizwomen wearing the company's tights, te guy with the burning cars still cool. toarry levin and jimmy lee on lesson learned in. learn? >> you know, i will say it seems that teslas good at handlin ing social media, they had a lot of people who really were worried 'these situation with the fires, they retweeted those. d on other hand abercrombie & fitch theyid not do a good job ofontrolling their situation, and really made a lot of people mad with the meanness inside them, you see reaction, and in th situations. neil: it is remarkable you look at these examples how they w wee treate and on social media, says a lot about the base of support they had or didn't ha. what do you make of that? >> neil, we all know social media is here to say, companies need be proactive about a strag
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in tesla case, musk did a great job of minimizing the damage from battery fires it worked here, on other hand, if you have a potential pr disaster on your hand, you stay silent, the negative news festers, that could compound on itself, think all companies need to be cognizant social media could b a great tool to get message out quickly to people you want to hear to. neil: they could explain recall or bad product that went wrong, i know that tesla did that. you know in over drive. after some of the incidents with cars on fire, that makes a giv difference, owning up being ahead of the problem. >> the general public they want honesty, tesla seems to do a good job of being honest about that, there was no denying there were fires in the cars, a lot of peopleant tesla to succeed, they see that as the future, and
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unfortunately abercrombie & fitch they showed ey were mean, and they showed in social media, you know not good for one and good for the other. neil: let's g to second issue, if in doubt blame the snow or a sorry snow job? walmart talking a up to quarter to a tough winr for mh of the country, i think that retailer has a . but then again, yet to hear a walmart or any there are retailer credit is up for sun for a good quarter, is this first of many excuses we'll hear in. >> i think it can be. i do believe that weather had a part in weaker sales at walmart, maybe other retailer like walmart. but i think retailer with a strong on-line presence will produce better results, tn those that don't, when you can't get into store, i if today's environment every retailer needs an e-commerce. neil: i was talking with a
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retail ir, who said, it is by design they rlly want to intease people into their stories, really should not give his name away, i was note cleared to do, that -- not cleared to do, that we want the foot traffic it begets more buying. it is by design they limit the web exposure, walmart i don't know what the story circumstance but larry, do you think the is somethin to this notion that a company known largely, despite a very good web site for its foot traffic has a case to make when snow prevents it. >> no, i think tt they have to deal with it they have no choice but to do better when it is sunny, do better oline. because, winter comes every year, and maybe it does not como much for amazon, unls they are having trouble shipping, no one has trouble shopping, but if they have trouble shopes in winter -- the companies their
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responsible to make up for that work doub it not wintertime, then they get to blame on there and say stock pric is dropping that is the situation. il: you know that music, situation where youo to bed, and what are wating tomorrow? larry? >> tomorrow, we get existing home sales about a half hour afterhe open, it has not been great, it should be interesting to watch, piecing it with 30 minutes after open could have a interesting knee-jerk reaction. neil: jimmy? >> i am watching home sales too, but, i tnk bigger picture i've been telling our clients for over a year we need a correction, when it does, i view as a buying opportunity, i still feel same way it has been late 2011 since we had a official correct, we're overdue, i think one big tailwinds for stock this year could be a great rotation out of bonds into the stork it w stock market, we saw
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aittle bit in 2013 bu not a lot. in janua investorought on dips, if corporate america is grow earning rption to earn, earnings, top liki could see it. neil: we have not seen this official 10 percent correction. and i am wonder figure tha that is a harbinger of bad things to come, larry? >> i think it will might be. you know, i do think that jimmy is right, there are correct is coming, it is a buyg opportunity. whether onickivin existing home sailing or some economic ata it come. neil: jimmy, you worry that everyone talks about migration from bonds to stock it has not materialized. is this year? >> it has a potential. i think it all about corporate earnings, we're back to paradigm of bad news, n goo news any more. so, you know we need to have earning grow, companies need to
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grow the top line. neil: al right, well put, thank you s much jimmy, and larry. we have a lot more on this, market, whether it gets long to the tooth, some say it is, some >> i go to the university of california irvine, >> louisiana state university. >> virginia tech. >> guatemala. >> university of south dakota. >> university of -- [inaudible] john: a special edition, 1500 college students from all over the world gathered here to debate what makes for a free society. these are our future leader learning about liberty. students usually don't learn about that in school. tonight, what you ought to know about economic freedom, free speech, personal responsibility, drugs, privacy, and america


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